Evening analysis on November 30 📈

After the failure to break through the key resistance level of 93000 last Friday, Bitcoin has retreated and is currently oscillating around the 90000 level. Multi-period indicators are resonating weakly, with short-term rebound volume continuously shrinking, indicating a passive repair rather than an active counterattack, lacking reversal momentum. The middle band of the Bollinger Bands at the daily level effectively suppresses prices, coupled with the potential selling pressure from the influx of $7.5 billion from whales into exchanges, this oscillation is more inclined towards a consolidation phase before a decline rather than a bottom reversal signal.

Ethereum follows Bitcoin's decline with a more apparent relative weakness—Bitcoin's nearly $5000 increase only drives ETH to rebound by less than $200, indicating a low correlation rate. The daily Bollinger middle band around 3065 forms strong resistance, and the hourly chart has shown signs of bearish consolidation, with insufficient bullish support. If Bitcoin retraces, it may trigger a rapid decline in Ethereum.

The target for Bitcoin around 91300-92000 is 90000-88500.

The target for Ethereum around 3030-3060 is 2950-2900.

$BTC $ETH $SOL